Imperfect competition in the labour market
It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This [paper] considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the size of rents, theories of and evidence on the distribution of rents between worker and employer, and the areas of labour economics where a perspective derived from imperfect competition makes a substantial difference to thought.
Published abstract reprinted by permission of the copyright owner.
Authors: Manning, Alan
London School of Economics and Political Science. Centre for Economic Performance (CEP)
Published: London, England, Centre for Economic Performance, 2010
Resource type: Report, paper or authored book
Physical description: 91 p.
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